Sham Foam IPO announced: Check Timeline & Key Details
Sham Foam files DRHP for IPO opening 11-Aug-2026. Haryana-based foam manufacturer seeks capital via fresh issue. Price band and financials not yet disclosed. OFS component is nil.
*this image is generated using AI for illustrative purposes only.
Sham Foam (CIN: U36104HR2020PLC087011), a Haryana-based manufacturer engaged in the foam and furniture sector, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company aims to raise capital through this Initial Public Offering to support its business operations and growth plans. The IPO window is scheduled to remain open for three days, from 11-Aug-2026 to 13-Aug-2026.
Company Overview
Sham Foam was incorporated in 2020 as a Private Limited Company and is now transitioning to a Public Limited Company as part of the listing process. Based in Haryana, the company falls under the NIC Code 36104, which classifies it under the manufacture of furniture and related products. This suggests that Sham Foam’s core operations involve the manufacturing of foam products, such as polyurethane foam, mattresses, cushions, or other foam-based components used in the furniture industry.
The Indian foam and mattress industry has seen structural growth driven by rising urbanization, increased real estate activity, and a shift towards organized retail. However, specific details regarding Sham Foam’s market position, key customers, and competitive strengths are not yet available in the current DRHP extract.
Offer Details
The IPO is structured primarily as a fresh issue, with no Offer for Sale (OFS) component recorded in the preliminary data. This indicates that the proceeds from the issue will flow directly to the company rather than being used by existing shareholders to exit their stakes. However, critical details such as the total issue size, price band, face value, and lot size have not been disclosed in the current filing.
| Parameter | Details |
|---|---|
| Company Name | Sham Foam |
| CIN | U36104HR2020PLC087011 |
| Offer Type | IPO (Initial Public Offering) |
| Opening Date | 11-Aug-2026 |
| Closing Date | 13-Aug-2026 |
| Issue Size | Not Available |
| Price Band | Not Available |
| Offer for Sale (OFS) | Nil |
| Fresh Issue | Not Available |
The objects of the issue, including how the raised capital will be utilized (e.g., capacity expansion, working capital, or debt repayment), are also not yet specified in the available data.
Financial Highlights
Financial performance metrics, including revenue trends, profitability, and key ratios, are not available in the current DRHP extract. As a relatively young company incorporated in 2020, investors will need to review the audited financial statements provided in the final Red Herring Prospectus (RHP) to assess the company’s financial health and growth trajectory.
| Metric | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Revenue (₹ Crore) | NA | NA | NA |
| PAT (₹ Crore) | NA | NA | NA |
| EBITDA Margin (%) | NA | NA | NA |
Risk Factors
While specific risk factors have not been populated in the current data, companies in the foam manufacturing sector typically face risks related to raw material price volatility (particularly petrochemical derivatives like polyol and MDI/TDI), intense competition from both organized and unorganized players, and regulatory compliance regarding environmental standards. Additionally, Sham Foam’s limited operating history since 2020 may present higher uncertainty for investors.
Valuation & Peer Comparison
Valuation metrics such as P/E ratio and Price-to-Book value cannot be determined at this stage due to the absence of price band and financial data. Potential peers in the listed foam and mattress space include Sheela Foam Ltd and Kurl-on Ltd, but a direct comparison awaits the disclosure of Sham Foam’s financials and issue pricing.
Bottom Line
Sham Foam’s IPO filing marks its entry into the public markets, with the subscription window set for August 2026. Investors should wait for the final RHP to review detailed financials, management background, and specific use of proceeds before making any investment decisions. The absence of an OFS component suggests the funds will be used for corporate purposes, but the exact allocation remains undisclosed.
How will Sham Foam allocate the proceeds from its fresh issue to drive capacity expansion or working capital efficiency in a competitive foam market?
Given the volatility in petrochemical raw material prices, what hedging strategies or supply chain adjustments is Sham Foam planning to implement post-listing?
How does Sham Foam intend to differentiate its brand and capture market share from established players like Sheela Foam and Kurl-on amidst rising organized retail penetration?
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